Credit information (purchase account)

Use the Credit tab to enter credit reference information for the supplier.

To enter the credit reference details

Open: Purchase Ledger > Purchase Accounts > Enter New Account

Open: Purchase Ledger > Purchase Accounts > Amend Account Details

1. Select the Credit tab.

2. Enter the Credit terms:

   • Trading terms text.

     Enter the text to describe the terms you have agreed with the supplier, e.g. 60 days.

   • Credit reference.

     Enter a reference for the credit terms here, if required.

   • Bureau.

     Select the credit reference bureau you use from the drop-down list.

     The default credit bureau appears here automatically when you create a new supplier. You set up the list of bureaus in Accounting System Manager.

   • Credit position.

     Select a credit reference status from the drop-down list.

     You create the list of Credit Positions in Accounting System Manager.

   • Terms agreed.

     Select this if all the credit terms have been agreed with the supplier.

3. Enter the Credit review details:

   • A/C opened.

     Enter the date you opened the supplier's account.

   • Last credit review.

     Enter the date your credit details were last reviewed by your supplier.

   • Next credit review.

     Enter the date when your credit terms will next be reviewed by your supplier.

   • Application date.

     Enter the date you applied for credit with your supplier.

   • Date received.

     Enter the date you received your credit terms.

   • Memo.

     Enter any additional notes in the Memo area. You can enter up to 1000 characters.